General Motors (GM) FY2022 results: revenue $156.7 billion, up 23.4% on the year
General Motors Co. (GM) reported revenue of $156.7 billion for fiscal 2022, the year ended 31 December 2022, up 23.4% on the year before. Net income was $9.9 billion, down 0.8%, and diluted earnings per share $6.13. The figures are the company's own, from the 10-K it filed with the SEC on 31 January 2023.
Revenue
$156.7 billion
+23.4% on the year
FY2015FY2022
Operating margin
6.6%
7.3% a year earlier
FY2015FY2022
Net income
$9.9 billion
-0.8% on the year
FY2015FY2022
Diluted EPS
$6.13
-8.5% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
16,043
15,188
16,670
+5.6%
Capital expenditure
9,238
7,509
5,300
+23.0%
Free cash flow
6,805
7,679
11,370
-11.4%
Free cash flow margin
4.3%
6.0%
9.3%
Cash from investing
-17,882
-16,355
-21,826
Cash from financing
383
1,744
5,552
-78.0%
Depreciation and amortisation
11,276
12,047
12,676
-6.4%
Share-based compensation
419
391
351
+7.2%
Buybacks
2,500
0.0
90.0
Dividends paid
397
186
669
+113.4%
Dividend per share
$0.18
n/a
$0.38
Diluted shares, weighted
1,454m
1,468m
1,442m
-1.0%
Shares outstanding at period end
1,400m
1,500m
1,400m
-6.7%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
67,792
59,744
45,030
+13.5%
Non-controlling interest
4,135
6,071
4,647
-31.9%
Redeemable equity
357
0.0
0.0
Debt
116,217
109,867
110,024
+5.8%
Operating lease liabilities
967
1,012
969
-4.4%
Other liabilities
74,569
68,024
74,524
+9.6%
Total liabilities and equity
264,037
244,718
235,194
+7.9%
Fixed assets
45,248
41,115
37,632
+10.1%
Goodwill
1,900
1,900
1,900
0.0%
Intangible assets
3,034
3,173
3,320
-4.4%
Investments
12,150
8,609
9,046
+41.1%
Cash and equivalents
19,153
20,067
19,992
-4.6%
Receivables
13,333
7,394
8,035
+80.3%
Inventory
15,366
12,988
10,235
+18.3%
Other assets
153,853
149,472
145,034
+2.9%
Total assets
264,037
244,718
235,194
+7.9%
10-K for the year ended 31 December 2022, filed 31 January 2023: the filing.